Fed Meeting To Impact Dow Jones Industrial Average Greatly Today

From Ryan McQueeney: Stocks ended last week with a decent day of trading on Friday. The 30-stock Dow Jones index was the biggest gainer among major U.S. indicators, while the tech-heavy Nasdaq struggled to remain in the green throughout the day.

This divergence is starting to become more apparent, leading some investors to ponder whether Wall Street is starting to choose sides between traditional industry titans and high-growth tech companies.

Analysts appear to be looking for signs of inflation accelerating in our current economy. Yet for every signal that may be happening, we see something else that walks some of that sentiment back. Take this morning’s Housing Starts and Permits reports for example.

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The Federal Reserve meeting is on tap today, with new chairman Jerome Powell set to preside over the proceedings for the first time.